Tag Archives: Stocks

The stock price of Facebook surged more than 3% in after-hours trading, after posting better than expected quarterly results. The social media giant reported diluted earnings per share of $1.31 versus the estimates of $1.13, marking a 71% increase from the same period last year. Revenue was reported at $9.3 billion, which is 47% higher than a year ago.

The CFO of Facebook, David Wehner, said that ads are going to contribute less to growth in the following quarter. Facebook is looking to generate more revenue out if the news feed with Facebook TV – a long form video service is set to launch mid-August and ads placed in Facebook Messenger, messaging service with 1.2 billion daily users, is still in “early stages”.

By looking at some of the biggest finance sites on Tuesday, one would think that a financial apocalypse had started. Amazon shares appeared to have plummeted by more than 70%. Luckily, it turned out to be a glitch caused by the websites using the wrong data sent to them by NASDAQ.

Reportedly, no securities were traded at the absurdly low price, as trading had been halted.

Unlocking your phone and authenticating mobile payments is soon going to be as easy as just looking at your iPhone. According to people familiar with the product, Apple is currently testing 3-D Face Scanning technology, which might replace the fingerprint scanner on the upcoming iPhone.

According to NY Times, Spotify has finally signed agreement with Universal Music Group. It’s world’s biggest record company whose artists include Lady Gaga, U2, Drage. And this has been their biggest obstacle to going public.

Spotify has been valued at more than $8 billion, it has 50 million paying subscribers and 50 million listening for free. Those listening for free have been paying by listening to ads.

We’ll keep an eye on Spotify as recently there are limited number of enticing IPOs.

According to Goldman Sachs, currently 3 themes that make European banks attractive: 1) the potential of rising rates, 2) the valuation gap between US and European banks, and 3) decreasing political risks.

Our opinion coincides with that of Goldman Sachs.

All Signals Point Towards Higher Interest Rates

Recent pickup in Eurozone inflation has alleviated concerns that Europe could be facing the threat of inflation. Prices are rising, as is economic growth.

Release of such extravagant models won’t bring much direct revenue growth. It does make a lot of press and increases brand awareness. For luxury car producers brand awareness is of the most valuable assets and Daimler is doing a great job at promoting itself.

We’ve liked Daimler for quite some time. We took interest in it when price was at its lows and no one cared about Daimler.